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Tacoma Narrows

Tacoma, WA · Charter 7104

NCUA · 1 branch

Q3 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Tacoma Narrows

Tacoma, WA · Charter 7104

NCUA · 1 branch

Q3 2022

$8.8MAssets
$2.5MLoans
$7.8MShares
$1.2MNet Worth

Executive Summary

  • Earnings: ROA of -1.83%, down 250 bps year over year; NIM at 1.95%.
  • Asset quality: problem loans at 1.82% of loans (+154 bps YoY).
  • Capital: net worth / assets of 14.08%, down 236 bps from a year ago.
  • Funding: loans stand at 31.63% of shares as of Q3 2022.

Return on Assets (YTD, annualized)

-1.83%-250 bps YoY

Net Interest Margin (YTD, annualized)

1.95%-106 bps YoY

Efficiency Ratio (YTD, annualized)

171.26%+8,695 bps YoY

Net Worth / Assets

14.08%-236 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.12%0.88%0.18%0.67%0.13%-0.91%-1.06%-1.83%-250 bps
Return on Equity0.82%5.65%1.18%4.09%0.82%-5.74%-6.93%-12.98%-1,707 bps
Net Interest Margin3.14%2.85%2.73%3.01%2.94%2.64%2.33%1.95%-106 bps
Efficiency Ratio88.23%79.01%96.27%84.31%99.44%121.96%132.22%171.26%+8,695 bps
Growth
Asset Growth (YoY)9.09%-1.89%-1.57%-8.94%-11.29%-4.16%-3.94%4.01%+1,295 bps
Loan Growth (YoY)-11.46%-8.64%-9.71%-18.37%-24.29%-27.07%-26.16%-13.72%+465 bps
Share Growth (YoY)10.53%-2.83%-1.79%-10.90%-13.68%-4.99%-4.04%10.43%+2,134 bps
Asset Quality
Delinquent Loans / Loans0.09%0.01%0.01%0.27%0.93%0.10%1.00%1.82%+154 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.17%1.00%1.02%0.87%0.85%0.82%1.08%1.06%+18 bps
Capital
Risk-Based Capital14.39%15.51%15.14%16.44%16.36%15.86%15.27%14.08%-236 bps
Net Worth / Assets14.39%15.51%15.14%16.44%16.36%15.86%15.27%14.08%-236 bps
Liquidity & Funding
Loans / Shares42.77%44.26%41.38%40.48%37.52%33.97%31.84%31.63%-885 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps